Toyota Guaranteed Auto Protection Program

The Toyota Guaranteed Auto Protection (GAP) Program provides retail or lease customers with one very significant benefit – peace of mind. This peace of mind comes from knowing that you and your family are protected from the burden of an unexpected financial obligation if your vehicle is declared a total loss.

What Your Auto Insurance Company May Pay

You might assume that the physical damage auto insurance you have is sufficient to cover any loses related to your vehicle. However, when a vehicle is declared a total loss, the primary auto insurance settlement is generally based on the market value of the vehicle. This amount may be substantially less than the balance due on the vehicle.

Filling the Gap

GAP pays the difference between the balance of your retail or lease contract and your vehicle’s market value.* Without GAP, you are generally responsible to pay this amount. With GAP, the deficiency balance is paid,* including your auto insurance deductible in most states.

For Example:

1.     Auto Insurance Settlement

Auto Insurance Settlement before deductible is applied.

2.     Including Your Deductible

GAP also pays up to $1,000 of your auto insurance deductible.**

3.     Deficiency Balance

If a total loss occurs without GAP, you are generally responsible for this amount to pay off your retail or lease contract.

Ask Your Dealer Now

Ask your dealer about GAP now because it’s only available at the time you purchase or lease an eligible new or used vehicle. For your convenience, the cost of GAP can be added to your retail or lease contract so it is included as a portion of your monthly payments, subject to credit approval. GAP is available in most states.

* Less delinquent payments, taxes, and past due charges.

See agreement, certificate, or waiver for complete details.

Some restrictions apply.

**Available in most states.

Ask you Toyota Sales Consultant or Financial Services Manager about the advantages of Guaranteed Auto Protection and other programs we have to offer!